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South Bend Redevelopment Commission <br />Regular Meeting –December 3, 2010 <br /> <br /> <br />from UAN Cultural & Creative Ltd. to lease <br />REVIEW OF A BUSINESS PLAN <br />redevelopment owned retail space in the <br />downtown, subject to receipt and review of a <br />business plan. <br /> <br /> <br />Mr. Inks asked that Item 6.C.(4) be considered <br />before 6.C.(3). There was no objection and Item <br />6.C.(4) was moved up on the Agenda. <br /> <br />(4) Staff report on acquisition of property in <br />the South Bend Central Development <br />Area. <br /> <br />Mr. Inks noted that for several months staff <br />has been working on a retention project in <br />st <br />the downtown involving 1 Source Bank and <br />the Marriott Hotel, not only trying to make <br />sure that those operations stay in the <br />downtown, but that the jobs remain and the <br />property is improved. Mr. Richard <br />Nussbaum has been handling the negotiations <br />as well as preparing the documents related to <br />the project. <br /> <br />Mr. Nussbaum noted that late in the evening <br />of December 2 there was an attempt to <br />provide Commissioners with a fifteen page <br />document, the Memorandum of <br />Understanding. The city’s e-mail program <br />was not sending e-mail to the outside, so <br />Commissioners did not receive the document <br />for review. Mr. Nussbaum reviewed the <br />essence of the document. <br /> <br />Mr. Nussbaum noted that he remembers the <br />st <br />site where the 1 Source Bank and Marriott <br />Hotel now sit while it was a vacant lot called <br />“the hole.” There had been a very grandiose <br />vision for that site by some leaders in the <br />community, such as Mike Carmichael. Mr. <br />Carmichael worked very hard until his death <br />to implement the vision, but it did not work <br /> 8 <br /> <br />